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Reading: End-of-Year Gains in Cryptocurrency Markets Offer Opportunities to Investors
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Latest cryptocurrency news > ALTCOIN > End-of-Year Gains in Cryptocurrency Markets Offer Opportunities to Investors
ALTCOIN

End-of-Year Gains in Cryptocurrency Markets Offer Opportunities to Investors

BH NEWS
Last updated: 16 December 2023 21:06
BH NEWS 2 years ago
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As the year-end approaches, significant gains are observed in cryptocurrency markets, including Bitcoin, presenting opportunities to investors. Particularly during the holiday season, increased investor interest in certain cryptos is noticeable.

Cardano (ADA) saw a 50% increase in December, satisfying its investors with a notable rise. According to Santiment data, wallet activities indicate that this rise could continue.

Solana (SOL), despite experiencing a significant drop after the 2022 FTX crisis, is showing signs of recovery with developments such as the launch of the SAGA smartphone and a Coinbase listing. Solana’s DEX volumes are surpassing Ethereum, earning it the nickname “ETH killer.”

Polygon (MATIC) is showing signs of an uptrend with an increase in whale activities and the launch of the Polygon Portal. After a weekly drop of 7%, MATIC displays a neutral price trend in daily charts.

Avalanche (AVAX) continues to attract the attention of Turkish investors. AVAX has surpassed the $40 support level with consecutive price increases, reaching $43.5, and a $50 price target is being discussed for the coming weeks.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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